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1020-1060 Alter Rd
Detroit, MI 48215
The Bridge · Multifamily Property For Sale
·
62 Units
PROPERTY FACTS
| No. Units | 62 | Lot Size | 0.68 AC |
| Property Type | Multifamily | Building Size | 32,230 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1926 |
| Zoning | B4 - General Business District | ||
| No. Units | 62 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 32,230 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1926 |
| Zoning | B4 - General Business District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Service
- Bicycle Storage
ABOUT 1020-1060 ALTER RD , DETROIT, MI 48215
Pointe Manor Apartments is a 62 unit apartment community located within an opportunity zone in Detroit, MI. Constructed in 1926 this asset is broken up into 4 separate garden style brick buildings just off of Alter road, near the Alter road and East Jefferson Avenue intersection. Point Manor Apartments is broken up into 22 studio units, 38 one-bedroom units and 2 two bedroom units. This asset is outfitted with landlord paid gas boiler heat. Two of the four buildings (1020 and 1044 Alter Road) have tenant paid electricity. The landlord is responsible for electricity in the other two buildings (1034 and 1060 Alter Road). Each building has coin operated laundry and has newer stoves and refrigerators. Residents of Point Manor Apartments have the opportunity to enjoy all of the amenities that Detroit and Grosse Pointe have to offer. Grosse Pointe is located 1 block north of the property and Downtown Detroit is only 6.9 miles south of Pointe Manor Apartments. This asset is located next to the Jefferson Chalmers neighborhood of Detroit. In recent years Jefferson Chalmers has been recognized for innovative economic development strategies and known for historic apartment community renovations. Please visit our website, www.greystonebel.com to view the full offering memorandum
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 22 | - | 480 |
| 1+1 | 38 | - | 520 |
| 2+1 | 2 | - | 1,000 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,353,200 |
PROPERTY TAXES
